NewsPeople MovesTopa CEO Donahue resignsTopa Insurance Group, which private equity firm Altamont recently agreed to acquire, has announced its president and CEO John Donahue will leave at the end of the year.Fri 13 Dec 2019
NewsPeople MovesVictor appoints Willemze as Netherland country managerMarsh-owned managing general underwriter (MGU) Victor Insurance Holdings has named insider Fred Willemze manager of Victor Nederland, in addition to his duties as strategic partnerships director for Victor International.Fri 13 Dec 2019
NewsPeople MovesThe Hartford adds Avis CEO De Shon to boardThe Hartford has appointed Larry De Shon to its board of directors, effective 19 February 2020.Fri 13 Dec 2019
NewsBeazley to become largest Lloyd’s (re)insurer with $3.5bn stampLondon-listed Beazley will provide over £2.6bn ($3.5bn) of capacity across its six Lloyd’s syndicates in 2020 making it the largest (re)insurer on the Lloyd’s platform when measured by planned income written, The Insurer can reveal.Fri 13 Dec 2019
AnalysisPeople MovesThe Hartford adds Avis CEO De Shon to boardThe Hartford has appointed Larry De Shon to its board of directors, effective 19 February 2020.Fri 13 Dec 2019
AnalysisD&FRehabilitation roadDislocation has been the watchword for the commercial property insurance market this past year on both sides of the Atlantic; but such fragmentation has also brought opportunity.Fri 13 Dec 2019
NewsMarkel names Pioneer’s Styles cargo, specie and terrorism underwriterMarkel International has appointed Brook Styles as cargo, specie and terrorism underwriter, in its London office.Fri 13 Dec 2019
NewsThomas Miller Specialty acquires Lodestar Marine’s book of businessMarine insurance MGA Thomas Miller Specialty has acquired London-based fixed premium P&I MGA Lodestar Marine’s book of business.Fri 13 Dec 2019
NewsAviationMarsh JLT Specialty builds London aviation practice with four hiresMarsh JLT Specialty has appointed Oliver Boreham and Robin Milan as aerospace brokers, Victoria Mayes as an aerospace account manager and Kevin Eley as a general aviation broker.Fri 13 Dec 2019
CommentLossesRecent comments suggest Hagibis is no return of JebiTwo developments this week suggest that industry insured losses from October’s Typhoon Hagibis may not be as bad as first feared.Fri 13 Dec 2019
NewsRating actionsFitch drops Sirius’ ratings outlook to negativeSirius International Group has had its ratings outlook changed to negative from stable by Fitch Ratings just three weeks after a similar move by AM Best.Thu 12 Dec 2019
NewsPeople MovesJLT Re veteran Daddario to retireFormer JLT Re North America executive chairman George Daddario is retiring at the end of the year from the firm that is now part of Guy Carpenter, The Insurer can reveal.Thu 12 Dec 2019
AnalysisD&OInsurers on hook for reported $25mn Weinstein settlementHarvey Weinstein and the board of his former film studio have reportedly reached a tentative $25mn settlement to be paid by insurers that would end nearly every lawsuit against the disgraced producer and his former company.Thu 12 Dec 2019
NewsCommercial autoZurich backs new Vindati motor truck cargo offeringZurich Insurance is providing its paper to US insurtech managing general underwriter Vindati to launch a new standalone motor truck cargo (MTC) program.Thu 12 Dec 2019
NewsLegal disputeLockton in settlement discussions with Alliant defectorsSettlement discussions are taking place in the litigation between Lockton and former producer members that joined Alliant earlier this year, including former CEO of the Mountain West Series Charles McDaniel.Thu 12 Dec 2019